IN BRIEF - China, new growth market for Ireland's seafood exports
REPUBLIC OF IRELAND
Monday, May 13, 2019
DUBLIN - China has become a new growth market for Ireland's seafood exports, revealed a report obtained by Xinhua on Sunday.
The report, prepared by BIM (Irish Sea Fisheries Board in English), a state agency responsible for developing the Irish marine fishing and aquaculture industries, showed that Ireland exported a total of EUR 47 million (about USD 53 million) worth of seafood products to China in 2018, up by 68 percent compared with a year ago.
The growth in the Chinese market stood in sharp contrast with the performance of the other major export markets for the Irish seafood products.
The Board of Directors of Mowi awarded 1.175 million options under its senior executive share option scheme with effect from 2015 to the current participants in the option scheme. The option scheme forms an important part of Mowi's long-term remuneration policy for such senior executives. The number of options shall be reduced if the profit through exercise of options in a year exceeds two times the fixed annual salary of the option holder. Accordingly, the number of options has been reduced to 485,743 options to comply with this provision.
On 17 June 2019, participants in Mowi's senior executive share option scheme exercised 485,743 options in Mowi, corresponding to 485,743 shares at a strike price of NOK 77.52 per share.
On the same date Mowi purchased 485,743 own shares at a price of NOK 203.81 per share to settle its obligation to deliver the shares. The shares were purchased in accordance with the authorisation granted at the annual general meeting on 29 May 2019. Following these transactions Mowi still holds zero treasury shares.
VERAVAL - A cyclone in the Arabian Sea battered an Indian fishing hub with heavy wind, wave and rain Thursday and was forecast to still bring dangerous weather even as it veered away from the western coast.
The India Meteorological Department says Cyclone Vayu, the season's second major storm and named after the Hindi word for wind, has jogged west, skirting the coast of the western state of Gujarat and unlikely to hit it head on as previously forecast. Pakistan warned of rough seas and dangerous heat, though the cyclone wasn't expected to directly hit the port city of Karachi.
In anticipation of the storm, rescue workers evacuated nearly 300,000 people, taking a cue from Cyclone Fani, which came ashore on India's eastern coast in May, killing 34 people in India and 15 in neighboring Bangladesh.
The National Fisheries Institute (NFI), with financial support from the Seafood Industry Research Fund (SIRF), announced 11 June 2019 it is partnering with IBM’s Food Trust to create a blockchain-based seafood supply chain traceability program.
NFI is the largest U.S. seafood industry trade group. IBM’s Food Trust is a blockchain-based system that creates a shared record of food data, and that system will introduced to NFI members. Members – including harvesters, importers, processers, cold storage, foodservice restaurants, and retailers – are all involved with the program.
COOPER LANDING, Alaska - In the three days leading up to the opening of the Kenai and Russian River, close to 8,000 salmon passed the Department of Fish and Games fish counter in the Russian River.
During the same period leading up to the opening date last season, fewer than 200 fish had been tallied at the same spot.
Many anglers who scouted spots late Monday night were able to quickly catch their limit of three sockeye shortly after midnight, and the good fishing continued through Tuesday morning.
By early Tuesday afternoon, crowds at on the river thinned as many anglers caught their limit in a short period. However, sections of the river near parking areas would still be best described as 'combat fishing'.
A new study led by a University of Rhode Island doctoral student and published in the Journal of Applied Ecology has found a possible solution to one of the biggest conservation and livelihood challenges in the marine realm.
Paul Carvalho, along with URI Assistant Professor Austin Humphries and colleagues from several other institutions, found that fishing grounds with areas that are closed to fisheries but are periodically harvested are better than fishing grounds with permanent, no-take marine protected areas.
A London-based company is proposing a salmon aquaculture operation in Millinocket, Maine.
Aquaculture Management & Holding Co. said Tuesday that it is ready to begin building the plant after two years of planning and preparation. The Bangor Daily News reports that the company said earlier this year it intended to open a land-based salmon farm in the U.S. by 2022.
Steve Sanders, director of mill site redevelopment at Our Katahdin, tells the newspaper that the organization has been in discussion with several companies.
BRUSSELS - The European Commission on Wednesday said a no-deal Brexit was “very much possible” as it updated its contingency preparations and told countries, companies and people to be ready for the expected economic fallout.
The European Union’s executive said it would pay particular attention in coming months to crucial areas including citizens rights, financial services, transport and fisheries, ahead of Britain’s departure from the bloc, now due on Oct.31.
Its latest review of the EU’s no-deal plans comes as Britain’s Conservative Party is picking a new prime minister to replace Theresa May, defeated by her inability to pass through the UK parliament the deal she secured with the bloc seven months ago.